Has anyone heard of them? Recently got a sms from this stating i owe money and to be blacklisted based on borrowings to a bank i dont even have 1 facility . Not to mention my CTOS score is very high lol


Though ive deduce its a scam but still im curious how do they normally serve notice?

Scam is like this, just try make you scared so you think stupid things and do stupid things

Scam la

Yeah they scare u only. But they did better job than some conspiracy theorist fearmongering the world is ending n whatsnot. Nope, not working for us.

Hahahahahahahahahaha....

They are a NPL buyer...in the sense they buy bad debts from banks and try to recover it.

Not scam but they will hatam dulu talk later. Will keep kacau until u give up and pay something..

First you must ask for the full details of the person you are talking to, full name, staff ID no or last 4 digit number of his IC

THEN Ask for details of the debt such as

Name of the borrower
IC numbers of the borrowers
Date of the loans agreement
Date of the default

They will ask you to say but your reply is that you have the details so you tell me now to reconfirm or I will put down the phone

Add

Someone said they are NPL buyer.

This is even better.

You quote Limitation Act 1953.

Any legal action meaning going to court must be filed within 6 years when the default arose else it becomes time barred and the lender / other party cannot take any more action to recover the amount

https://www.skrine.com/insights/newsletter/...little-too-late

This post has been edited by cfa28: Jan 6 2022, 05:29 PM

Or can say sorry bang esok ayam bayar eh... tenkiu

How they wanna hentam for a non existing relationship with the said bank? I dont have any facility with that bank to begin with so bit strange suddenly get some weird sms. I check my ctos often enough to know i dun have any magical debts which im not aware off le lol.

Not scam la. They are a proper debt collector la. Bank will sell debt to these ppl at half price then these ppl will try to recover from those debtors. U sendiri say u got ctos means u have some unpaid debt?
A simple google search will tell u who they are. Just call them to clarify . Lets say u hutang 20k, they will buy from bank at maybe 6k then they will collect from u 10-15k. Something like that

Did the sms state your full name?

Nope just bank name , dont even have a bank account or cc with that bank langsung.

This post has been edited by lordgamer3: Jan 6 2022, 05:34 PM

No i mean i check ctos regularly to see all my records what not , my score pun 790/850 so tu le i pelik.

It could be mistaken identity especially if you have common name like Indria Gandhi

Hence my suggestion is for you to ask the person for the full name and ic number of the so called debtor

If u confident u have no debts, then it could be the real debtor was using your number before which is why he change his number to avoid calls from bank

Debt collectors only used scare tactics.

Got once they told will blacklist my name because did not for a disputed bill. I told them to go ahead lor. I don't plan to take any loan forever.

These days I only do cash business and collect cash. No more loans. Everything buy and deal with cash.

The faster they blacklist even better so the outsourced bank agents don't call me again.

Might be la cz ive received some calls here n there for a dude who is of a differnt ethnicity but mostly this guys name

This post has been edited by lordgamer3: Jan 6 2022, 05:46 PM

Aiqon is a valid collection company. If you yourself does not have any account with said bank, it can be:
1 - you're a guarantor
2 - u lupa as it's a npl anyway
3 - your hp/address once belong to another person.

Aiqon is legit la.
Their opis is in menara felda.
They coming to kutip hutang liao

aiqon is NPL buyer,

actually, if you didn't pay your loan > 6 yrs, the loan consider scrape already according to Limitation Act 1953.

BUT

if you said to the debt collector, "I'll pay rm50 tomorrow" or anything that promises to pay, then good luck it will restart the Limitation Act 1953.


lawyer, please correct me if I'm wrong

6 years from the loan started date
Or 6 years from the loan defaulted date?

Example loan started on 1 Jan 2022 and loan period: 2 years, expected full loan repayment on 31 Dec 2024

If the default is on 1 Jan 2023, does it mean the 6 years limitation start from 1 Jan 2023 and it’s only for that 1 month loan?

Or it need to be considered 3 months non payment, consider loan defaulted on 31 March 2023, so 6 years from 31 March 2023?

To be prudent, you can take 6 years from 31 March although that is more for accounting purpose.

Every month you are supposed to make payments

If you missed payment, it's considered as default but they give grace periods, etc.

If you still did not make any payments from 31 Jan, the default should commence from 31 Jan

Yea but if anything pun shouldnt they quote some information like facility number, amount name ice etc?

I make it a point to monitor my ctos for these kind of things la. Scary man i mmg confident tht im good as ctos is directly linked with bnm ccris system so u can see all the existing facility and payment la even if u gurantor it reflects in ctos if i not mistaken.

As im not gurantor neither i ever tòok any facility from them i think might be my numbers previous owner had some issues.

not all debt is reflect in ccris and ctos yo

those kind of debt you must be afraid

very afraid

They claim from bank if bank related has to be reflected in ccris .

This post has been edited by lordgamer3: Jan 6 2022, 06:45 PM

limitation act is not applicable to mortgage loan

Ya this aiqon chase me for bad debt also said i owe stanchart money from credit card outstanding which i cut 20 years ago

then i tell them too late bro to chase me now

now and then will come kacau me and i dont give a fxxk

How so it's not applicable.

Banks do take immediate action normally for mortgages default including foreclosure and enforcement actions to avoid falling into the limitations act

(5) Nothing in this section shall apply to -

(a) any cause of action within the Admiralty jurisdiction of the High Court which is enforceable in rem other than an action to recover the wages of seamen, or

(b) any action to recover money secured by any mortgage of or charge on land or personal property.

What happen to NPL?

It will still affect defaulter credit rating even after 6 years right

So the bank will not going to give you any loan for this NPL record

Thanks for highlighting.

Didnt see that clause

This means that the borrower will have to settle the loan if property is charged even after 6 years

Yes, will still be NPL for personal loans etc

This post has been edited by cfa28: Jan 6 2022, 09:55 PM

How to know whether the limitation act 1953 is restarted?
I verbally told them dunno whether i can payoff the debt, then they whatsapp gave me a pdf for 8k.

Never reply to anything and never answer their call.

Anybody know if this restarted the act?

the act passed in 2018, so those loan/cc debt before 2018 also included ?

let say 2015 i owe cc but didnt pay, so by 2021 or after 2021 mean i already debt free again ?